Thanksgiving: Is there a better time to GIVE your business away?

by an investor from Baylor University

4 weeks ago

I know this sounds crazy, but what if your business partner could be a nicer, more generous version of you?  That's right, you can give a portion of your business to a charitable entity that you "control" (this is in quotes because the IRS says that you "advise", not control), called a Donor Advised Fund (DAF). 

There are some incredible organizations that help make this process SUPER EASY.  I used to just tell people about it when I worked for National Christian Foundation (NCF).  Last year, I was able to actually do it and it was even EASIER than I thought it would be.

If this piques your interest, check out a couple of stories of people who have done this.  Glad to discuss if interested.

https://www.ncfgiving.com/stories/3-real-life-examples-that-show-the-power-of-giving-private-business-stock/?j=###-###-#### &sfmc_sub=###-###-#### &l=2050_HTML&u=###-###-#### &mid=###-###-#### &jb=3004

1 like
81 views
5 comments

searcher from Columbia University - Columbia Business School

Interesting

2 weeks ago | like reply | 0 likes

searcher from Georgia Institute of Technology

The linked article is interesting. It implies that creating a DAF for charitable contributions before an exit can potentially have some advantages. Unfortunately, I am not a tax attorney so I have no idea what the details are.

3 weeks ago | like reply | 0 likes

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Family office looking for traditional searchers

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Downsides of "buying a job" below 750k+ EBITDA?

6-7x for a Self-funded Search Deal?

Examples of self-funded searcher websites

Self Funded Acquisition: A few Things I Learned

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.